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PSEi rallies amid bargain hunting

BARGAIN hunting halted the local bourse's decline on Wednesday, enabling the market to close at the 6,900-point territory.

The benchmark Philippine Stock Exchange index (PSEi) improved by 1.3 percent, or 89.54 points, to its intraday high of 6,984.90 while the wider All Shares gained 1.11 percent, or 40.74 points, to conclude at 3,726.58.